Order of Competition Commission of India against Indian cement companies

Order of Competition Commission of India against Indian cement companies

In the context of the investigation, ACC and ACL have delivered all information and clarification requested by the authorities. However, each of ACC and ACL contest the allegations and findings against them in the CCI's order and will pursue all available legal steps to defend their respective position.

In 2003, the Board of Directors and the Executive Committee of Holcim Ltd have decreed a Code of Conduct binding for all Group companies and its employees. The Code of Conduct provides for respect for principles and rules of fair competition prohibiting anti-competitive behavior and the abuse of a dominant market position. Non-compliance may be subject to disciplinary sanctions including termination of employment. To implement and embed these principles, Holcim has a dedicated global fair competition directive and a centrally coordinated training program. In addition, Group companies are regularly reviewed in this respect by independent attorneys. The Code of Conduct is available on the Holcim Website.

 

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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in around 70 countries on all continents.
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